Bloomberg Norwegian Air Shuttle ASA dropped as much as 60% after completing a recapitalisation that hands control of the company to aircraft lessors and bondholders. Investors had in recent days stubbornly traded Norwegian’s shares far above the price of a discounted equity issue that came on top of a $830 million debt conversion. On Wednesday, the stock collapsed after the ...

Bloomberg Marks & Spencer Group Plc said it’s outperforming its worst-case coronavirus scenario in a positive sign for a UK retailer that’s going through the latest of a series of turnaround programmes. When the outbreak spread to the UK, M&S said it anticipated that clothing and home sales would fall by 70% in the four months through July, with its ...

Bloomberg Walmart Inc jumped after reporting coronavirus-related stockpiling led to a surge in quarterly sales, underscoring the company’s strong position amid widespread carnage in the US retail sector. Comparable-store sales, a key retail metric, increased 10% for US Walmart stores in the period, compared with the 8.6% estimate compiled by Consensus Metrix. That’s the fastest pace of growth in almost ...